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July 10, 2023
Question

Recording the revaluation of buildings

  • July 10, 2023
  • 1 reply
  • 0 views

We have a Tangible Assets account for our freehold building. The building has just been revalued and I can't work out how to record the revaluation.

 

Gareth

1 reply

July 10, 2023

Hi garethhowell,

 

I appreciate you reaching out here.  It's important that you're able to enter the necessary information for your assets to keep your books accurate.   QuickBooks Online provides the tools you need to revalue an asset with confidence.  However, I recommend speaking with an accounting professional for the best course of action, to ensure a positive outcome on your books.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

If any other questions come to mind, please feel free to reach back out.  We'd be happy to help!